Sundaram Mutual Fund has launched a new fund named as Sundaram Select Micro Cap - Series XI, a closed-end equity scheme. The tenure of the scheme is 4 years from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 ...

The prices of fixed income securities are governed by interest rates prevailing in the markets. Interest rates and price of fixed income securities are inversely proportional. (Reuters) Although the Reserve Bank of India ( RBI ), in its fifth ...

Rupee corporate bonds had their best month in more than three years in November, amid the worst losses for global debt in a quarter of a century Mumbai: India's Prime Minister Narendra Modi has pleaded for patience after his currency recall led to ...

(Bloomberg) -- India's Prime Minister Narendra Modi has pleaded for patience after his currency recall led to long and angry lines at banks. One group hasn't had to wait long for the benefits. Companies can now raise funds in the local bond ...

NEW DELHI: Your favourite bank fixed deposits no longer remain an attractive investment option, at least for the next two to three years, say wealth managers. After a sharp drop in bond yields, market experts have turned bullish on short-term debt ...

Uttar Pradesh Congress president Raj Babbar revamped the entire media wing of the party here today in view of the assembly elections slated for early next year. Sources maintained that Mr Babbar, who wanted to continue with `please all' committee of ...

Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into the banking system in the next few weeks. The move to withdraw high-denomination bank notes could open the floodgates for temporary inflows into the Rs 16 lakh-crore mutual fund sector. According to estimates, MFs could get an incremental Rs 50,000 crore in the next two months by way of investments from banks, which are flush with liquidity. It is estimated that the total value of currencies in the Rs 500 and Rs 1,000 ...

Banks have started reducing their fixed and recurring deposit rates after the RBI reduced its benchmark rate by 25 basis points in the recent policy review. From October 1, the government also reduced the interest on small-savings products. For ...